Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 16 April 2022 1:03 am

  Russian economy to crash as sanctions get intensified

  

  The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine. Russian manufacturing activity plunged in March, contracting at the sharpest pace since May 2020 as businesses confronted a …

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• 15 April 2022 11:16 pm

  Bitcoin Regains $40K As Sentiment Turns to Extreme Fear

  

  Crypto markets continued a second day of slide on Friday as bitcoin hovered above pivotal support at $40,000 in European hours, data show.Bitcoin bounced to $40,100 early Friday, after losing 2.9% Thursday. Some analysts are still bullish on the future prices of the world’s largest cryptocurrency. Bitcoin is trading near …

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• 15 April 2022 10:46 pm

  EU To Draft Embargo On Russian Oil

  

  The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats.The embargo will most likely be introduced in a gradual way, similar to the planned Russian coal …

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• 15 April 2022 10:40 pm

  China Suffers From Slow Economic Growth

  

  The size of China’s economy was $17.7 trillion in 2021, according to official figures, so 5.5 percent growth would mean about $1 trillion more in 2022. Using growth in 2019 as a basis for comparison, business investment in China would need to contribute about 1.5 percentage points toward the 5.5 …

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• 15 April 2022 10:12 pm

  GBP/USD to finish the week Lower Amid Stronger US Dollar’s Performance

  

  The GBP/USD pair is gaining up some 0.18% in the week amidst a thin liquidity trading session. A buoyant US dollar and risk-aversion weighed on the British pound in the week. GBP/USD Price Forecast: To remain downward biased but a double bottom looms.The British pound remains defensive, trading below the …

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• 15 April 2022 6:26 pm

  Could US Economy Stay Strong?

  

  Since the outburst of the war in East Europe, markets have massively increased their expectations for key US interest rates. This can be seen, among other things, in the rise in the yield on the 2-year US Treasury bond by around 0.9%% in just a few weeks.The basis for this …

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• 15 April 2022 6:11 pm

  PBOC: RRR cut by 25 bps effective as of April 25

  

  The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps) effective from April 25.The PBOC further noted that it will cut RRR by an additional 25 bps for some smaller banks and noted that …

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• 15 April 2022 5:25 pm

  Japan plans to release six million barrels of oil from private reserves

  

  Japan’s Industry Ministry said on Friday it will release six million barrels of oil from privately owned reserves, as part of its contribution to the second round of coordinated withdrawals from reserves led by the International Energy Agency to cool crude prices. Japan will release the amount of oil, which …

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• 15 April 2022 3:23 pm

  Kremlin aide: Russia’s imports fell sharply in March as Western companies pulled out

  

  Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

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• 15 April 2022 2:26 pm

  Italy: Inflation at its highest level in 30 years

  

  Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent. On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month …

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• 15 April 2022 12:52 pm

  US natural gas stocks rise by 15 billion cubic meters

  

  US natural gas inventories recorded reading in line with market expectations this week, as natural gas inventories rose by 15 billion cubic meters during the week ending last Friday. This reading is in line with market expectations. This reading is worse than the previous reading, which showed a decrease in …

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• 15 April 2022 12:07 pm

  Nikkei declines, dragged down by Wall Street and technology

  

  The Japanese Nikkei index declined Friday, April 15th, after being affected by the decline in the blue-chip technology shares that tracked the weak performance on Wall Street, but losses were limited after investors repurchased shares before a long holiday. The Nikkei index fell 0.29% to close at 27,093.19 points, but …

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• 15 April 2022 11:31 am

  PBOC kept interest rates unchanged at 2.85%.

  

  The People’s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases. The People’s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%. China is currently …

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